While your additional detail is correct, I noted in my post that things had been trending down for many years. I believe the highest sales year for CD was 2000, 10 years ago.
The music industry is changing for a variety of factors. But it has been doing that for the past hundred years or more. I imagine the sheet music publishers were sad when their top-dog spot was overtaken by 78s.
For years, radio was the driver for music recording sales. Top 40 AM stations in the 1960s drove acts like the Beatles and Rolling Stones. That trend continued with FM radio in the 1970s and in the 1980s MTV was the driver with music videos.
Today, MTV is mainly concerned with reality shows, not music. Radio stations are a pale ghost of their former selves when it comes to music. An oldies station doesn't generate new album sales - how many copies of "A Hard Day's Night" does a person need? Re-releases aren't going to generate the sales volume needed.
We've also got both the legal and underground download market. We've got a fragmented music scene with endless genres appealing to various subsects of the market.
Keep in mind that teenagers drive the volume end of the CD market and they are not listening to albums. In a fashion, this is a return the the market of the 1950s and before when singles drove the music scene.
In short, things are changing, but they've always been changing. The industry will need to readjust to the change in the volume of CD units sold, but I don't think CDs will be going away for quite some time.
The music industry is changing for a variety of factors. But it has been doing that for the past hundred years or more. I imagine the sheet music publishers were sad when their top-dog spot was overtaken by 78s.
For years, radio was the driver for music recording sales. Top 40 AM stations in the 1960s drove acts like the Beatles and Rolling Stones. That trend continued with FM radio in the 1970s and in the 1980s MTV was the driver with music videos.
Today, MTV is mainly concerned with reality shows, not music. Radio stations are a pale ghost of their former selves when it comes to music. An oldies station doesn't generate new album sales - how many copies of "A Hard Day's Night" does a person need? Re-releases aren't going to generate the sales volume needed.
We've also got both the legal and underground download market. We've got a fragmented music scene with endless genres appealing to various subsects of the market.
Keep in mind that teenagers drive the volume end of the CD market and they are not listening to albums. In a fashion, this is a return the the market of the 1950s and before when singles drove the music scene.
In short, things are changing, but they've always been changing. The industry will need to readjust to the change in the volume of CD units sold, but I don't think CDs will be going away for quite some time.

